Arnya Real Estate Fund Launches Rs 750 Crore Equity Fund in Partnership With Casagrand
Mumbai, September 7, 2026: Arnya RealEstates Fund Advisors Pvt. Ltd. announced the launch of Arnya Real Estate Fund III – Preferred Capital, a Category II Alternative Investment Fund with a target corpus of Rs 750 crore. The fund has been launched in partnership with Casagrand Premier Builder Limited, a residential developer with a strong presence in Southern India, Arnya RealEstates Fund Advisors said in a press release.
The fund will focus on real estate opportunities across Chennai, Bengaluru, and Hyderabad, targeting investments between Rs 75 crore and Rs 200 crore across approximately 8 to 10 projects. The platform aims to provide institutional and sophisticated investors with exposure to development margins through a preferred equity investment structure.
Casagrand brings a portfolio of over 88 million sq. ft across more than 180 projects to the venture. The partnership builds on a long-standing relationship spanning over 15 years, during which Sharad Mittal, Founder & CEO of Arnya, has worked with Casagrand on more than 20 development projects.
The Category II AIF features an investor-first cash flow waterfall design, distributing capital and returns to investors before residual distributions accrue to the developer. The strategy is aimed at family offices, ultra-high-net-worth individuals, and institutional investors seeking diversified residential real estate exposure.
“We see institutional capital playing an increasingly important role in the long-term growth of residential real estate. Our approach is to build enduring partnerships with institutional capital providers who share our focus on disciplined execution, transparency and aligned objectives. Casagrand’s partnership with Arnya reflects this approach, we believe this will create a scalable, long-term platform to support high quality real estate developments across Southern India,” said Arun Mn, Founder, Chairman & Managing Director of Casagrand Premier Builder Limited.
“India’s residential real estate sector has entered a structurally stronger phase, driven by regulatory reforms, increasing formalisation and sustained demand for organised developers,” said Sharad Mittal, Founder & CEO of Arnya RealEstates Fund Advisors. “At the same time, institutional investors are looking for investment strategies that offer an improved balance between risk and return. We are focused on building structured investment products that seek to create a balance between risk and return, while aligning interests of both investors and development partners.”
Founded in 2023, Arnya currently manages approximately Rs 3,000 crore across various real estate strategies. Earlier this year, the firm announced the first close of its residential equity fund at over Rs 1,030 crore.\
